J P Morgan Chase & Co (JPM) Shares Bought by Bristlecone Advisors LLC

Bristlecone Advisors LLC raised its holdings in J P Morgan Chase & Co (NYSE:JPM) by 4.0% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,864 shares of the financial services provider’s stock after purchasing an additional 1,180 shares during the quarter. J P Morgan Chase & Co makes up about 1.0% of Bristlecone Advisors LLC’s investment portfolio, making the stock its 25th largest position. Bristlecone Advisors LLC’s holdings in J P Morgan Chase & Co were worth $2,948,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Atlantic Trust LLC acquired a new stake in shares of J P Morgan Chase & Co during the second quarter worth $136,000. Northwest Investment Counselors LLC acquired a new stake in shares of J P Morgan Chase & Co during the second quarter worth $165,000. Capital Advisors Ltd. LLC grew its stake in shares of J P Morgan Chase & Co by 53.0% during the second quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 670 shares during the period. Tortoise Investment Management LLC grew its stake in shares of J P Morgan Chase & Co by 59.5% during the second quarter. Tortoise Investment Management LLC now owns 1,959 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 731 shares during the period. Finally, Tanaka Capital Management Inc. grew its stake in shares of J P Morgan Chase & Co by 15.3% during the second quarter. Tanaka Capital Management Inc. now owns 1,994 shares of the financial services provider’s stock worth $182,000 after purchasing an additional 264 shares during the period. Hedge funds and other institutional investors own 73.75% of the company’s stock.

J P Morgan Chase & Co (JPM) opened at $107.45 on Friday. J P Morgan Chase & Co has a 52 week low of $81.64 and a 52 week high of $108.46. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.37. The stock has a market capitalization of $368,276.69, a PE ratio of 15.48, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22.

J P Morgan Chase & Co (NYSE:JPM) last posted its quarterly earnings data on Thursday, October 12th. The financial services provider reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion during the quarter, compared to analysts’ expectations of $24.91 billion. J P Morgan Chase & Co had a return on equity of 11.68% and a net margin of 24.08%. J P Morgan Chase & Co’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.58 earnings per share. equities research analysts predict that J P Morgan Chase & Co will post 6.91 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $2.24 annualized dividend and a dividend yield of 2.08%. J P Morgan Chase & Co’s dividend payout ratio is currently 32.28%.

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of J P Morgan Chase & Co in a research note on Wednesday, October 11th. Deutsche Bank cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $90.00 to $96.00 in a research note on Tuesday, September 26th. Robert W. Baird reaffirmed a “hold” rating and set a $88.00 price objective on shares of J P Morgan Chase & Co in a research note on Thursday, September 21st. Zacks Investment Research cut J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Finally, Vetr raised J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective for the company in a research note on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seventeen have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $92.35.

In other news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction dated Thursday, October 26th. The stock was sold at an average price of $101.96, for a total transaction of $214,014.04. Following the completion of the transaction, the general counsel now directly owns 15,279 shares of the company’s stock, valued at $1,557,846.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is owned by corporate insiders.

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About J P Morgan Chase & Co

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.

Institutional Ownership by Quarter for J P Morgan Chase & Co (NYSE:JPM)

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